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Carnival settles class action over ‘cruise from hell’
Class Actions 2024-11-04 11:24 pm By Cat Fredenburgh

Carnival has settled a class action on behalf of passengers on a seven-day South Pacific voyage that became the “cruise from hell” when their vessel sailed into a Category 5 cyclone.

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Virgin bondholders want to join Velocity Rewards to class action
Class Actions 2024-11-01 11:02 pm By Cindy Cameronne

A class action against Virgin Australia wants to drag Velocity Rewards into the case, claiming the frequent flyer program was involved in misleading investors about $460 million in funds on Virgin’s balance sheet.

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Optus pressured customers to buy phones they couldn’t afford, ACCC says
Competition & Consumer Protection 2024-10-31 11:37 pm By Andy Sidler

The consumer regulator has launched court action against Optus, alleging sales staff put undue pressure on customers to buy phones they couldn’t afford.

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Brookfield wins conditional approval for $10B Neoen play
ACCC 2024-10-31 11:59 pm By Andy Sidler

The ACCC will clear asset manager Brookfield’s $10 billion acquisition of French renewables giant Neoen on the condition that it shed Neoen’s Victorian assets and projects.

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ASIC sues Oak Capital for alleged Credit Code dodge on $37M in loans
Competition & Consumer Protection 2024-10-30 11:06 pm By Cat Fredenburgh

ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.

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Judge rejects franchisees’ ‘colourable’ cross-claims against United Petroleum
Franchises 2024-10-29 11:34 pm By Sam Matthews

United Petroleum will not face cross-claims by franchisees, with a judge calling the bid “a very colourable application” to create overlap with a class action in the Supreme Court.

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Salter Brothers sues insurer to cover $3.5M in costs to defend client’s lawsuit
Insurance 2024-10-29 11:38 pm By Cindy Cameronne

Investment manager Salter Brothers has sued XL Insurance, saying it has “unreasonably delayed” covering the costs of defending a former client’s lawsuit alleging misleading conduct.

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Care A2 settles spat with infant formula distributor
Emma Bathurst 2024-10-28 11:40 pm By Cat Fredenburgh

Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.

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AAI class action wants to press mandatory insurance claim at trial
Class Actions 2024-10-25 11:26 pm By Andy Sidler

A ‘junk’ insurance class action against Suncorp unit AAI wants an initial trial to deal with the claim — absent a sample group member — that car dealers made purchasing a policy necessary for a loan.

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Accolade, Pernod Ricard tie-up goes down smoothly with ACCC
Competition & Consumer Protection 2024-10-25 12:53 pm By Cindy Cameronne

The ACCC has cleared Accolade’s proposed acquisition of Jacob’s Creek owner Pernod Ricard, finding it is not likely to substantially lessen competition in the supply of wine.

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